Sole/ Single Proprietorship- form of organization wherein there is only in a business. - oldest form of business organization.
Partnership- a business owned and operated by 2 or more persons who bind themselves to contribute money, property or industry to a common fund with the intention of dividing the profits among themselves.
Corporation-the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.
Cooperative is a business organization owned and operated by a group of individuals for their mutual benefit.[1] Cooperatives are defined by the International Co-operative Alliance's Statement on the Co-operative Identity as autonomous associations of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through jointly-owned and democratically-controlled enterprises.
1.corporation 2.cooperation 3.partnership 4.ownership 5.Private
the 3 forms of business ownership with their characteristics advantage &disadvantages
school organization and business organization is same and different?
financial functions of a business organization
Why should a business weigh the advantages and disadvantages of each ownership option ?
a. as to ownership b. as to the nature of business
1.corporation 2.cooperation 3.partnership 4.ownership 5.Private
risk taker
Micro-scale enterprises, Small-scale enterprises, Medium-scale enterprises, Large-scale enterprises :)
plays vital role in classification and analyses of data
In Australia the business classification system is known as the ANZSIC system of classification for industry. (Australian and New Zealand Standard Industrial Classification). They are classified according to sections, then the sections have a number or industries in them. The sections are named from A-Q. E.g Section H - Education. With size, it is classified from minute - small business - medium business - and large business. They are put into these categories into which of how much money they handle per month. In Australia the business classification system is known as the ANZSIC system of classification for industry. (Australian and New Zealand Standard Industrial Classification). They are classified according to sections, then the sections have a number or industries in them. The sections are named from A-Q. E.g Section H - Education. With size, it is classified from minute - small business - medium business - and large business. They are put into these categories into which of how much money they handle per month.
what are the classification of business activities
Two of the three types of business ownership are: sole proprietorship and partnerships. The third type of business ownership is corporations.
The best business organization in the US is the non-profit organizations. There are a few more businesses.
A sole proprietorship is the simplest form of business ownership.
Sole/ Single Proprietorship- form of organization wherein there is only in a business. - oldest form of business organization.Partnership- a business owned and operated by 2 or more persons who bind themselves to contribute money, property or industry to a common fund with the intention of dividing the profits among themselves.Corporation-the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.Cooperative is a business organization owned and operated by a group of individuals for their mutual benefit.[1] Cooperatives are defined by the International Co-operative Alliance's Statement on the Co-operative Identity as autonomous associations of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through jointly-owned and democratically-controlled enterprises.
1. Commerce 2. Industry 3. Manufacturing 4. Constructive